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Physical rubber prices ruled flat on Wednesday

04 Jul 2019 Evaluate

Physical rubber prices ruled steady on Wednesday due to ongoing supply crunch in the market. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 151/ kg and Rs 148.50/ kg respectively.

In the futures market, July delivery fell to Rs 149.01 compared to its previous closing of Rs 149.39, while August delivery was at Rs 144.70 compared to its previous close of Rs 145.10 on the Indian Commodity Exchange Limited (ICEX).